Housing Wire

NOVEMBER 10, 2023

Home sales were down 23% year over year, but all-cash deals only fell 11%, according to Redfin’s analysis. It is worth noting that some buyers are using equity from the sale of their previous home to make a relatively larger down payment on their new purchase. mortgaged home sales, up from 14% a year earlier but down from 16.3%

FHA loan 468

FHA loan VA loan Mortgages Loans 468

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

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Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

SEPTEMBER 20, 2022

“Ongoing volatility in mortgage rates in the months ahead may lead to larger than typical swings in the pace of new home sales,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. Between moderating sales prices and volatile mortgage rates, buyers seem to be biding their time.”.

Sales 370

Sales Mortgages VA loan FHA loan 370

Housing Wire

MARCH 22, 2023

The less competitive market has also resulted in more buyers using FHA and VA loans. In January, 16% of mortgaged home sales used an FHA loan , up from 13.3% a year ago, while the share of mortgaged sales using VA loans rose to 7.5% Detroit saw the highest share of FHA loans at 29.5%

VA loan 435

VA loan FHA loan Loans Mortgages 435

Housing Wire

DECEMBER 3, 2023

“Strong equity cushions not only provide borrowers incentive to work with their servicers to return to making mortgage payments, they also open up other options, such as salvaging earned equity with a traditional home sale rather than going through foreclosure. for FHA loans and 44.5% for VA loans.

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Equity VA loan FHA loan Mortgages 468

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. Concerns over the existing VA policies have been echoed among mortgage professionals.

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VA loan Loans Principal Mortgages 476

Housing Wire

JANUARY 3, 2023

My hope is that many of the features and policies that have made the VA loan the safest mortgage in the U.S. While I’m a fan of improving antiquated systems, I first wonder if the VA, the MBA, or Congress were open enough about the problems with the current system.

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VA loan Loans HR Due diligence 83

Housing Wire

OCTOBER 25, 2024

Department of Veterans Affairs (VA) would be disadvantaged. Previously, under VA policy, although a veteran was allowed to use a buyer broker to purchase a home using their VA loan benefit, they could “not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

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VA loan Purchase and sale agreement Loans Agents 448

Housing Wire

AUGUST 7, 2024

The average rate for jumbo loans (balances above $766,550) fell 30 bps to 6.77%. “As As a result of lower rates, refinance applications increased across all loan types, particularly for VA loans, and were almost 60% higher than it was at this time last year and at its highest level in two years,” Kan said.

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VA loan FHA loan Loans Mortgages 476

Housing Wire

DECEMBER 15, 2020

November new home sales activity, both mortgage applications and home sales, ran at a pace considerably ahead of 2019, showing the ongoing strong growth in housing demand and new residential construction,” Kan said. On an unadjusted basis, MBA estimates that there were 59,000 new home sales in November 2020, a decrease of 15.7%

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VA loan FHA loan Loans Residential 493

Housing Wire

SEPTEMBER 23, 2024

mortgage products, and with Bryan on our team, we are poised to become the premier home loan provider for the servicemembers and Veterans of the Armed Forces,” Bianchi said in a statement Mortgage tech platform Modex shows that VA loans accounted for about 12% of the company’s mortgage origination volume over the past 12 months.

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VA loan Lending Loans Loan Officer 448

Housing Wire

APRIL 9, 2025

Last week’s activity focused on purchase activity, which posted year-over-year growth for more than two months as for-sale inventory continues to increase steadily. The unadjusted purchase index increased 10% compared with the previous week and was 24% higher than the same week one year ago.

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Fixed-rate mortgage Mortgages Loans VA loan 487

Housing Wire

NOVEMBER 16, 2023

We estimate that the pace of home sales increased for the third straight month to a 715,000-unit annual pace — the strongest sales month since May 2023.” Conventional loans made up 63.6% of new-home mortgage applications while VA loans comprised 9.8% of new-home loan applications in October.

Mortgages 482

Mortgages VA loan Loans New Construction 482

Housing Wire

OCTOBER 19, 2021

Based on data from the survey, MBA estimates that there were 66,000 new single-family home sales in September, compared to 71,000 new single-family homes a month prior, a 7% decrease. The new home sales estimate is derived using mortgage application information from the BAS, as well as assumptions regarding market coverage and other factors.

VA loan 435

VA loan FHA loan Mortgages Loans 435

Housing Wire

APRIL 28, 2025

The foreclosure auction sales rate properties sold to third-party buyers began the year strong but fell sharply in February to a 26-month low point before partially rebounding in March. Overall, the Q1 2025 sales rate declined compared to a year ago. Major markets such as Houston , Chicago , Dallas , St.

Loans 326

Loans Real-estate owned Sales Marketing 326

Housing Wire

NOVEMBER 16, 2021

The strong monthly gain puts MBA’s estimate of new home sales at its strongest pace since January 2021, the report said. In September , the average mortgage loan size of new homes clocked in at $408,522, the survey found. Regarding product type, conventional mortgage loans reigned supreme, making up 75.7% of loan applications.

Mortgages 501

Mortgages VA loan FHA loan Construction 501

Housing Wire

JUNE 13, 2024

The MBA also estimated that sales of new single-family homes reached a seasonally adjusted annual rate of 702,000 in May, up from 699,000 in April for the strongest pace since October 2023. Conventional loans comprised 63.4% Department of Veterans Affairs (VA) loans accounting for 9.8% of all applications, with U.S.

Mortgages 448

Mortgages VA loan Loans Lending 448

Housing Wire

NOVEMBER 22, 2023

The average loan size on a purchase application was $403,600, the lowest since January 2023. Joel Kan, MBA’s vice president and deputy chief economist, said this corroborates with other sources of home-sales data pointing to a rising share of first-time homebuyers entering the market. last week but remained subdued.

VA loan 488

VA loan FHA loan Mortgages Loans 488

Housing Wire

JULY 18, 2024

According to Kan, MBA’s estimate of new-home sales showed a monthly decline to a seasonally adjusted annual pace of 626,000 units — the slowest in four months. To compare, MBA estimated that sales of new single-family homes in May reached an annual rate of 702,000. Department of Veterans Affairs (VA) loans accounted for 10.2%

Mortgages 495

Mortgages VA loan FHA loan Loans 495

Housing Wire

FEBRUARY 16, 2024

According to MBA estimates, new single-family home sales were at a seasonally adjusted annual rate of 700,000 units in January, the highest pace since October 2023. In January, conventional loans accounted for 64.5% of loan applications for new homes. Federal Housing Administration (FHA) loans accounted for 24.8%

VA loan 459

VA loan FHA loan New Construction Loans 459

Housing Wire

OCTOBER 11, 2024

“These increases were tied to upticks in rapid resales with rising prices, more high-activity buyers, and sales transactions with multiple high-risk flags,” the report explained. Transaction fraud risks have also increased in consecutive years, up 4.9% in 2024 and 1.9%

Mortgages 516

Mortgages Sales Loans Lending 516

Housing Wire

JANUARY 3, 2024

“The housing market has been hampered by a limited supply of homes for sale, but the recent strength in new residential construction will continue to help ease inventory shortages in the months to come,” Kan added. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5% from 15% the week prior.

Mortgages 473

Mortgages VA loan FHA loan Loans 473

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. It indicates that a larger share of first-time homebuyers are active in the new home sales market. On an unadjusted basis, MBA estimates that there were 59,000 new home sales in August 2023, an increase of 5.4%

New Construction 418

New Construction Construction Mortgages VA loan 418

Housing Wire

FEBRUARY 18, 2022

On an unadjusted basis, the MBA estimates there were 66,000 new home sales in January 2022, an increase from 60,000 new home sales recorded in December. The average loan size for new homes in December was $423,102, the trade group noted. VA loans made up 9.5% of applications and USDA loans made up 0.5%.

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VA loan Loans Sales Mortgages 435

Housing Wire

MAY 12, 2022

billion in proceeds from those MSR sales — with UWM accounting for $871.8 In a rising-rate environment, loan prepayments ebb, as refinancing becomes less attractive. That rising value, in turn, can make sales of MSRs a lucrative option for supplementing otherwise dour revenue streams. In total, between Jan. billion and $319.8

Sales 397

Sales Purchase and sale agreement Principal Loans 397

Housing Wire

NOVEMBER 8, 2023

“Applications for both purchase and refinance loans were up over the week but remained at low levels,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. “”The The share of Federal Housing Administration (FHA) loan activity remained unchanged at 14.7%. of total applications. week over week.

VA loan 468

VA loan Mortgages FHA loan Loans 468

Housing Wire

MARCH 5, 2024

trillion in FHA and VA loans. Moreover, some buyers face challenges in covering the down payment required to bridge the gap between the home’s sale price and the remaining mortgage balance. We help listing agents generate significantly more buyers for their home sales. Raunaq Singh About $8.5

VA loan 468

VA loan Mortgages Loans Agents 468

Housing Wire

FEBRUARY 6, 2024

The fees are typically lower than those of new loans and no appraisal is needed. Hampered by numerous hurdles To begin with, assumptions are limited to FHA and VA loans, with rare allowances for U.S. Fannie Mae and Freddie Mac loans, which represent nearly two-thirds of the mortgage market, cannot be assumed.

Mortgages 482

Mortgages VA loan Loans Closing 482

Housing Wire

APRIL 16, 2024

According to MBA estimates, new single-family home sales were at a seasonally adjusted annual rate of 615,000 units in March, the slowest annualized pace in four months, and a decrease of 10.7% from the February rate of 689,000 units. In February, conventional loans accounted for 63% of applications for new homes. share, and U.S.

VA loan 459

VA loan FHA loan New Construction Loans 459

Housing Wire

JULY 20, 2021

New single-family home sales were reported at a seasonally adjusted annual rate of 704,000 units in June, a decrease of 5% from May’s pace of 741,000. The MBA estimates there were 66,000 new home sales in June, down from 68,000 such sales in May. This has dampened new home sales and quickened home-price growth.”

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Marketing VA loan FHA loan Loans 511

Housing Wire

MAY 19, 2022

It was the slowest sales pace since May 2020. On an unadjusted basis, MBA estimates that there were 65,000 new home sales in April 2022, a decrease of 12.2% from 74,000 new home sales in March. . Federal Housing Administration (FHA) loans composed 13.1%, Veterans Affairs (VA) loans took up 10.1%

VA loan 459

VA loan FHA loan Construction Loans 459

Housing Wire

AUGUST 28, 2024

And buyers also had more equity from their home sales, which gives them more cushion. Down payment percentages were lowest in Virginia Beach, Florida (3%)—an area with a higher concentration of veterans using VA loans with little to no down payment—followed by Detroit (6.8%), and Jacksonville, Florida (8.6%).

VA loan 493

VA loan Equity Mortgages Sales 493

Housing Wire

APRIL 2, 2025

Overall purchase activity has shown year-over-year growth for more than two months as the inventory of existing homes for sale continues to increase, a positive development for the housing market despite the uncertain near-term outlook.

Fixed-rate mortgage 411

Fixed-rate mortgage Loans Mortgages Development 411

Housing Wire

MARCH 26, 2024

Of these actions, 2.682 million have been permanent loan modifications and 3.519 million actions have been other forms of assistance that allowed troubled borrowers to stay in their homes. The number of completed short-sale and deeds-in-lieu transactions in Q4 2023 totaled 134, a decrease of 12% compared to the previous quarter.

VA loan 488

VA loan FHA loan Short sale Loans 488

Housing Wire

DECEMBER 14, 2020

Opendoor added that it has also launched a refinancing product and have incorporated FHA and VA loans into its offerings. Last week, Offerpad became a partner of New Home Star , a national real estate sales and consulting firm that works with homebuilders to provide new home sales, marketing and technology solutions.

VA loan 448

VA loan Loans Finance Technology 448

Housing Wire

FEBRUARY 20, 2025

MBA pulls new-home sales estimates directly from the U.S. The average loan size for new-home mortgages increased from $400,930 in December to $403,416 in January, according to MBA’s report. FHA loans now account for more than 30% of new-home applications the highest share in the history of the BAS. Census Bureau.

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FHA loan Mortgages VA loan Loans 372